Author: Stocks

The firm is expecting to achieve the target structure by a separation of the said MIS Business into newly incorporated companies, i.e., Kyndryl and Ocean India. IBM | Source: Reuters The Competition Commission of India (CCI) on May 11 approved the green channel notice filed by Kyndryl Holdings LLC and Grand Ocean Managed Infrastructure Services […]

The Sensex and the Nifty snapped their four-day winning spree to end lower. Midcap and smallcap indices outperformed the benchmarks and closed in the green. The benchmark indices snapped their four-day winning streak on May 11, with the Nifty50 falling below 14,900 levels as banking & financials and IT stocks came under pressure. The BSE […]

As per data shared by an apex dealer association, only 8.65 lakh two-wheelers were registered in April, far less than the typical average of 1.2 to 1.3 million units clocked in a month. ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); […]

With the second wave of COVID-19 raging across the country, India Inc’s top priority is to ensure that employees and their families are safe. Companies are focussing big on medical facilities, vaccination drives and also emotional support via external therapy sessions. While employees across non-essential services are still working from home, the idea is to […]

Automotive companies have stepped up efforts to tackle the pandemic after. The Ministry of Corporate Affairs released a circular that now allows spending on make-shift COVID-19 hospitals, temporary relief camps and other initiatives as CSR activity. Maruti Suzuki (MSIL) has joined hands with two NCR-based companies to increase the production of oxygen generating plants. From […]

US drugmaker Eli Lilly and Co. said it has issued royalty-free, non-exclusive voluntary licences to Sun Pharmaceutical Industries to produce its baricitinib drug in India to help combat the second wave of COVID-19 in India. India rolled out the third phase of its COVID-19 vaccination drive for those in the 18-45 age group on May […]

The company’s board has recommended a dividend at 200 percent ie Rs 4 per equity share of Rs 2 each for the year ended March 31, 2021. HSIL | The company reported profit at Rs 33.02 crore in Q4FY21 against Rs 3.38 crore in Q4FY20, revenue jumped to Rs 633.21 crore from Rs 461.03 crore […]

Source: Reuters Production of the Apple iPhone 12 at a Foxconn factory in India has slumped by more than 50% because workers infected with COVID-19 have had to leave their posts, two sources told Reuters. The Foxconn facility in the southern state of Tamil Nadu produces iPhones specifically for India, the world’s No.2 smartphone market. […]

E-commerce company Snapdeal has launched ‘Sanjeevani’ to connect COVID-19 patients with potential plasma donors, joining the growing roster of companies that have introduced digital tools to help people amid the deadly second wave of the pandemic. Right from giants like Facebook and Google to startups such as HealthifyMe have introduced a slew of tools over […]

Representative Image China’s benchmark iron ore futures surged 10% to a record high, while steel prices rose 6% to hit a trading limit, as Beijing’s move to limit capacity fuelled worries about a supply shortage and prompted speculative buying. China announced a series of measures on Friday to tighten controls on steel capacity, in an […]

Source: Reuters Cryptocurrency ethereum broke $ 4,000 for the first time on Monday, climbing to a new peak for a third day in a row on bets it may find new uses, although some analysts said it was overvalued at current levels. Ethereum, the second-largest coin by market capitalisation, jumped more than 6 percent to just […]

For the Qualified Institutional Placement (QIP) purposes, the bank has fixed the floor price at Rs 35.51 per equity share. PTI May 10, 2021 / 09:30 PM IST PNB | Representative Image. Punjab National Bank (PNB) on Monday said its board has approved raising equity capital from qualified institutional investors to enhance its capital base. For the Qualified […]

India rolled out the third phase of its COVID-19 vaccination drive for those in the 18-45 age group on May 1. (Representative image) The central government has taken a circumspect stand on exercising the statutory provisions available under domestic law and TRIPS (Trade-Related Aspects of Intellectual Property Rights) flexibilities that allow it to seek patent waivers […]

As per the initial details, the indicative offer price is expected to be Rs 33.75 per share, however, the management is yet to make the announcement. PNB | Representative Image. Punjab National Bank is likely to launch Qualified Institutional Placement (QIP), whose base size is expected to be Rs 1,200 crore with an option to […]

All the sectoral indices ended in the green, with auto, energy, infra, pharma, metal, and PSU bank indices rising 1-3 percent. BSE midcap and smallcap indices gained nearly a percent each. The benchmark indices ended higher for the fourth straight session on May 10, helped by metal and pharma names. At close, the Sensex was […]

BioNTech chief executive Ugur Sahin had said in April that the vaccine works against the Indian variant. AFP May 10, 2021 / 05:59 PM IST German firm BioNTech said Monday that the COVID-19 vaccine it developed with Pfizer does not require any modifications at the moment to protect against variants of the virus. “To date, […]

The board of directors recommended a dividend of Rs 23 per equity share for the financial year 2020-21. ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); }else if(resData[stkKey][‘percentchange’] 0) { var resStr=”; var url = ‘//www.moneycontrol.com/mccode/common/saveWatchlist.php’; $ .get( “//www.moneycontrol.com/mccode/common/rhsdata.html”, function( data […]

Consolidated revenue from operations grew by 18.5 percent year-on-year to Rs 7,411.7 crore in Q4FY21, the company added. Representational picture ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); }else if(resData[stkKey][‘percentchange’] 0) { var resStr=”; var url = ‘//www.moneycontrol.com/mccode/common/saveWatchlist.php’; $ .get( “//www.moneycontrol.com/mccode/common/rhsdata.html”, […]